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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (34250)3/21/2009 10:06:32 AM
From: Jim S2 Recommendations  Read Replies (1) of 71588
 
I heard some "expert" on TV the other day say that personal income taxes in the US amount to just over a trillion dollars a year.

So, imagine the "stimulus" if instead of spending a trillion dollars in pork, Congress instead were to simply announce that for the year 2009, there would be NO PERSONAL INCOME TAX. Cost to the gov't would be about the same, but just imagine the boost to the economy. Not to mention the goodwill it would inspire to have a full year with no 1040s to send in next year.

Of course, such a system would never pass Congress. They want to provide favors to friends and repay donors. It would be "unfair" that rich people would get more dollars of benefit than blue collar workers. Worse still, those who pay no taxes would get no benefit at all -- horrors.

Even so, it's nice to dream.
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